On Wednesday, The Western Union Company (NYSE:WU)’s shares gained 2.44%, and closed at $20.57, after a leader in global payment services, and Microsoft-owned Skype, provider of internet software that enables users to communicate via messaging, video or voice calls, declared an contract which allows Skype customers to top up their accounts at more than 50,000 Western Union® Agent locations across the United States.
This planned alliance advances Western Union’s market leadership in enabling digital-age participation by using a walk-in payment solution for consumers. It also paves the way for value-add offerings for companies with digital-rich content or online merchandisers seeking to attract new customers.
Under the contract, consumers can now use Western Union services to purchase Skype Credit, which enables calls to mobile and landlines worldwide. Calling rates start as low as 1 cent per minute. Skype Credit also offers the ability to send text messages directly from Skype to mobile phones, which is ideal for consumers wishing to stay in touch while travelling.
The Western Union Company provides money movement and payment services worldwide. The corporation operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions. The Consumer-to-Consumer segment offers cash money transfer services involving walk-in agent locations.
At the end of Wednesday’s trade, Vantiv, Inc. (NYSE:VNTV)’s shares climbed 2.30%, and closed at $39.60, as on April 2, a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, declared that it will host a conference call to talk about its first quarter 2015 financial results on Thursday, April 30, 2015 at 8:00 a.m. EDT. A press release with first quarter 2015 financial results will be issued at about 7:00 a.m. EDT that same day.
The conference call can be accessed live over the phone by dialing (888) 211-4439, or for international callers (913) 312-1381, and referencing conference code 2226766.
Vantiv, Inc., through its partner, Vantiv Holding, LLC. provides payment processing services in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange administration to merchants, and regional and small-to-mid sized businesses.
MGM Resorts International (NYSE:MGM), ended its Wednesday’s trading session with 2.27% gain, and closed at $21.59, after MGM Resorts, declared that MGM China Holdings Limited, a 51%-owned partner, has agreed in principle with its lenders to amend and restate its Hong Kong Dollar denominated senior credit facilities contract expanding the facility by $1 billion and extending the maturity by 18 months. The amended and extended facilities will comprise of a US$1.55 billion equivalent term loan, an raise from the previous $550 million term loan and US$1.45 billion equivalent revolving credit facility. The facilities will amend and restate the existing US$2 billion credit facilities of MGM China Holdings Limited, in their entirety, and extend the term of those facilities to April, 2019.
The consent is subject to the execution of a formal amended and restated facilities contract, among the Lenders, the Corporation and MGM Grand Paradise and is conditioned upon the satisfaction (or waiver) of all conditions precedent to its effectiveness, counting, but not limited to, receipt of any government or regulatory approval required in connection with the transaction. There is no assurance as to whether and when binding contracts in respect of the projected facilities will be finalized.
The proceeds of the amended and restated facilities will be used for the refinancing of the facilities made accessible under the existing credit facilities of MGM Grand Paradise, S.A. and any proper corporate purposes of the Corporation and its auxiliaries counting the development of the MGM Cotai.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The corporation’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations comprise slots, table games, and race and sports book wagering.
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